A business partnership is much like a marriage. It is a relationship that begins with a sense of exuberance and may decline over time, often due to slow changes in personality or persistent financial stress. When a partnership is successful, two people will combine…

It is common for people’s enthusiasm to get the better of them when they feel excited about a business concept. Someone enthusiastically planning their farm-to-table grocery delivery service or a battery exchange program for hybrid and electric vehicle owners may…

One of the first and most crucial decisions a new business owner makes is the choice of legal structure or entity. It’s a good idea to understand all of the types that could be appropriate for your business and what they offer – not just in the near future but for…

Contractors and developers contribute a lot to the Pennsylvania economy. They create new housing units to help attract new residents to the state and also turn older facilities into more modern and valuable accommodations. Those who work in construction-related fields…

When merging with another company, you will not need to retain all the staff the current two companies have. No one likes job uncertainty, so the more you can provide your team with accurate information, the better for them and you. Some employees will sit around with…

You’re looking to expand your company, but you don’t have the capital to do it. You decide to get an investor, who you convince that the company is going to be very successful. Believing that they will see a good return on their money, they give you that investment…

As someone busy running a business, you may think that your business plan is done once it’s in motion. The same may be true for your marketing plan. You may feel that what you have set up is working for you well enough and not see the real value in reviewing those…

Most business owners would never consider using money that belongs to the business to pay for personal expenses. However, they might not think there’s anything wrong with using personal assets to help out the business – like maybe putting a little of their own money…

Especially when you first start hiring staff members, you may not recognize the importance of a thorough employment contract. Many growing businesses hiring their first staff members will use an informal system that later puts them at risk. While it may seem like a…

When your company acquires or merges with another business, a lot of changes will occur. You may close one building and move everyone into a central location. You may adopt a new name or choose to use the established brand of one of the companies. You will likely…